FRFAX Performance — PGIM Floating Rate Income Fund, Class A
Data updated: 2026-07-27
FRFAX returned +2.15% year to date and +5.88% over one year to May 2026. Annualised returns are +8.47% over 3 years and +5.53% over 5 years. Against its Ultrashort Corporate Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $128, against $124 for the category, and to $106 over one year, against $107. Volatility over the past three years was 2.53% a year. In the 12 months to May 2026 the fund lost a net $331.6M, and assets reached $1.98B.
FRFAX Growth of $100
What $100 invested in PGIM Floating Rate Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Corporate Bond category average over the same months.
| Period | FRFAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $107 |
| 3 years (Jun 2023 – May 2026) | $128 | $124 |
| 5 years (Jun 2021 – May 2026) | $131 | $126 |
| Since data start (Sep 2019 – May 2026) | $145 | $134 |
FRFAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.15% |
| 1 year | +5.88% |
| 3 years (annualised) | +8.47% |
| 5 years (annualised) | +5.53% |
FRFAX Annual Returns
Calendar-year total returns of PGIM Floating Rate Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.15% |
| 2025 | +5.33% |
| 2024 | +9.12% |
| 2023 | +13.73% |
| 2022 | −3.73% |
| 2021 | +5.55% |
| 2020 | +4.33% |
| 2019 (Sep–Dec) | +2.16% |
FRFAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.2% | −0.4% | +0.2% | +1.5% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +0.9% | 0.0% | −0.8% | −0.7% | +2.2% | +0.9% | +0.9% | +0.5% | 0.0% | +0.1% | +0.4% | +0.7% |
| 2024 | +0.8% | +0.9% | +1.0% | −0.1% | +1.0% | +0.6% | +0.7% | +0.8% | +0.8% | +0.9% | +0.9% | +0.5% |
| 2023 | +3.1% | +1.0% | −0.9% | +1.1% | +0.2% | +2.3% | +1.0% | +1.0% | +0.5% | −0.3% | +1.9% | +2.1% |
| 2022 | 0.0% | −0.9% | +0.1% | −0.3% | −2.7% | −3.1% | +2.5% | +1.3% | −2.7% | +0.6% | +1.7% | 0.0% |
| 2021 | +1.8% | +0.8% | +0.1% | +0.4% | +0.6% | +0.4% | 0.0% | +0.5% | +0.5% | +0.2% | −0.5% | +0.9% |
| 2020 | +0.8% | −1.9% | −14.9% | +4.3% | +5.2% | +2.4% | +2.7% | +2.0% | +0.5% | +0.1% | +2.7% | +1.8% |
| 2019 | — | — | — | — | — | — | — | — | +0.5% | −1.3% | +0.9% | +2.1% |
FRFAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 2.53%
- 3-year Sharpe ratio: 1.57 (vs 4.5% risk-free rate)
- Best month: +2.33% (Jun 2023)
- Worst month: −0.83% (Mar 2025)
FRFAX Fund Flows
Monthly money in and out of PGIM Floating Rate Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$331.6M
- 12-month gross sales (incl. reinvestments): $869.7M
- Sales ÷ redemptions: 0.72×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $63.4M | $57.9M | $5.5M |
| Apr 2026 | $60.0M | $72.3M | −$12.3M |
| Mar 2026 | $42.9M | $168.2M | −$125.3M |
| Feb 2026 | $58.6M | $158.4M | −$99.7M |
| Jan 2026 | $73.0M | $74.7M | −$1.8M |
| Dec 2025 | $101.3M | $145.9M | −$44.6M |
| Nov 2025 | $49.0M | $79.5M | −$30.5M |
| Oct 2025 | $67.1M | $122.7M | −$55.6M |
| Sep 2025 | $77.5M | $73.3M | $4.3M |
| Aug 2025 | $82.6M | $86.3M | −$3.8M |
| Jul 2025 | $74.8M | $81.6M | −$6.8M |
| Jun 2025 | $119.6M | $80.7M | $38.9M |
FRFAX Assets Under Management
Net assets of PGIM Floating Rate Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $1.98B |
| 2026-02-27 | $2.09B |
| 2025-11-28 | $2.27B |
| 2025-08-29 | $2.38B |
| 2025-05-30 | $2.34B |
| 2025-02-28 | $2.46B |
| 2024-11-29 | $2.14B |
| 2024-08-30 | $2.07B |
| 2024-05-31 | $2.09B |
| 2024-02-29 | $2.04B |
| 2023-11-30 | $2.03B |
| 2023-08-31 | $2.10B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.